Nonprofit · EIN 05-0388178
PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION
Tax-exempt · PAWTUCKET, RI 02860
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,266 | $74,625 | -$57,359 | $610,382 | $6,451 | $603,931 |
| June 30, 2024 | 990 | $339,611 | $231,401 | $108,210 | $697,229 | $35,941 | $661,288 |
| June 30, 2023 | 990 | $180,372 | $257,670 | -$77,298 | $586,640 | $33,562 | $553,078 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $16,893
- Investment income
- $373
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,167
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,765
- Accounting fees
- $26,464
- Program services (functional)
- $73,607
- Management and general (functional)
- $1,018
Balance sheet and other
- Total assets, start of year
- $697,229
- Total assets, end of year
- $610,382
- Total liabilities, end of year
- $6,451
- Net assets, end of year
- $603,931
- Net assets without donor restrictions
- $79,449
- Net assets with donor restrictions
- $524,482
- Gross receipts
- $17,266
- Employees
- 0
- Volunteers
- 0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Carvalho | Secretary Trustee or director, Officer | 1 | $0 |
| John Neary | Treasurer Trustee or director, Officer | 1 | $0 |
| Isaac Amponsah | Director Trustee or director | 1 | $0 |
| Scott Rotondo | President Trustee or director, Officer | 1 | $0 |
| Minnie Luong | Vice President Trustee or director, Officer | 1 | $0 |
| Adalberto Perez | Director Trustee or director | 1 | $0 |
| Linsey Ramirez | Director Trustee or director | 1 | $0 |
| Irene Santos | Director Trustee or director | 1 | $0 |
| Ellen Matesanz | Director Trustee or director | 1 | $0 |
| Marcos Ribeiro | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Carvalho | Secretary Trustee or director, Officer | 1 | $0 |
| Richard Sugerman | Director Trustee or director | 1 | $0 |
| John Neary | Treasurer Trustee or director, Officer | 1 | $0 |
| Isaac Amponsah | Director Trustee or director | 1 | $0 |
| Scott Rotondo | President Trustee or director, Officer | 1 | $0 |
| Minnie Luong | Vice President Trustee or director, Officer | 1 | $0 |
| Emily Morse | Director Trustee or director | 1 | $0 |
| Adalberto Perez | Director Trustee or director | 1 | $0 |
| Linsey Ramirez | Director Trustee or director | 1 | $0 |
| Irene Santos | Director Trustee or director | 1 | $0 |
| Ellen Matesanz | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Carvalho | Director Trustee or director | 1 | $0 |
| Richard Sugerman | Director Trustee or director, Officer | 1 | $0 |
| John Neary | Treasurer Trustee or director, Officer | 1 | $0 |
| Isaac Amponsah | Director Trustee or director | 1 | $0 |
| John Connors | President Trustee or director | 1 | $0 |
| Jennifer Hennigan | Secretary Trustee or director, Officer | 1 | $0 |
| Scott Rotondo | Vice President Trustee or director | 1 | $0 |
| Richard Goldstein | Director Trustee or director | 1 | $0 |
| Jan Brodie | Director Trustee or director, Officer | 1 | $0 |
| Michael Bettencourt | Director Trustee or director | 1 | $0 |
| Alecia Richards | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 137 ROOSEVELT AVE, PAWTUCKET, RI 02860-2129
- Principal officer (990 for 2024)
- John Connors, 137 Roosevelt Avenue, Pawtucket, RI 028604132
- Signed the 990
- Scott Rotondo, President & CEO
- Return prepared by
- Mulvaney Tax and Advisory Services LLC
Mission
The Corporation fosters economic growth in Pawtucket through gap loan financing to promote employment creation and retention.
Program accomplishments
- As of June 30, 2025 the Corporation managed 21 commercial "gap financing" loans which enabled the borrows to create low to moderate jobs.Expenses $53,440 · revenue $16,893
- The Corporation issued grants to small businesses located in Pawtucket for the purpose of improving or replacing HVAC systems.Expenses $20,167
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0388178
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $610,382
- Income (IRS master file)
- $17,266
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $17,266 | $74,625 | $610,382 | IRS |
| 990 | June 2024 | $339,611 | $231,401 | $697,229 | IRS |
| 990 | June 2023 | $180,372 | $257,670 | $586,640 | XML |
| 990 | June 2022 | $21,191 | $49,954 | $639,946 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0388178).
Questions about PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION
- What is the EIN of PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION is 05-0388178.
- Is PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names John Connors.
- Who are the officers and directors of PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PAWTUCKETS BUSINESS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,266, expenses of $74,625 and total assets of $610,382 at year end.
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